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Des Moines is a robust and growing economic engine. Read more
State | State % | State & Federal % |
---|---|---|
Alabama | 5.00 | 25.00 |
Alaska | 0.00 | 20.00 |
Arizona | 2.50 | 22.50 |
Arkansas | 4.90 | 24.90 |
California | 13.30 | 33.30 |
Colorado | 4.55 | 24.55 |
Connecticut | 6.99 | 26.99 |
Delaware | 6.60 | 26.60 |
District of Columbia | 10.75 | 30.75 |
Florida | 0.00 | 20.00 |
Georgia | 5.75 | 25.75 |
Hawaii | 7.25 | 27.25 |
Idaho | 5.80 | 25.80 |
Illinois | 4.95 | 24.95 |
Indiana | 3.15 | 23.15 |
Iowa | 6.0 | 26.00 |
Kansas | 5.70 | 25.70 |
Kentucky | 4.50 | 24.50 |
Louisiana | 4.25 | 24.25 |
Maine | 7.15 | 27.15 |
Maryland | 5.75 | 25.75 |
Massachusetts | 9.00 | 29.00 |
Michigan | 4.25 | 24.25 |
Minnesota | 9.85 | 29.85 |
Mississippi | 5.00 | 25.00 |
Missouri | 4.95 | 24.95 |
Montana | 6.90 | 26.90 |
Nebraska | 6.64 | 26.64 |
Nevada | 0.00 | 20.00 |
New Hampshire | 0.00 | 20.00 |
New Jersey | 10.75 | 30.75 |
New Mexico | 5.90 | 25.90 |
New York | 10.90 | 30.90 |
North Carolina | 4.75 | 24.75 |
North Dakota | 2.90 | 22.90 |
Ohio | 3.99 | 23.99 |
Oklahoma | 4.75 | 24.75 |
Oregon | 9.90 | 29.90 |
Pennsylvania | 3.07 | 23.07 |
Rhode Island | 5.99 | 25.99 |
South Carolina | 6.40 | 26.40 |
South Dakota | 0.00 | 20.00 |
Tennessee | 0.00 | 20.00 |
Texas | 0.00 | 20.00 |
Utah | 4.95 | 24.95 |
Vermont | 8.75 | 28.75 |
Virginia | 5.75 | 25.75 |
Washington | 7.00 | 27.00 |
West Virginia | 6.50 | 26.50 |
Wisconsin | 7.65 | 27.65 |
Wyoming | 0.00 | 20.00 |
The information provided here is for your general informational purposes only. These are only estimates and should not be taken as fact or considered a recommendation or personalized advisory advice. NAS Investment Solutions, LLC has made this third-party information available from sources it believes are knowledgeable and reliable. However, its accuracy or completeness cannot be guaranteed and actual rates may change due to legal or economic conditions. All investments involve risk including the possible loss of principal. You should familiarize yourself with all risks associated with any investment product before investing. |
There are numerous advantages to investing in a DST structured property offering.
Interests in Delaware Statutory Trusts are the primary investment method for fractional 1031 exchange investments at this time.
A 1031 exchange is a swap of one real estate investment property for another in a specific way that allows for capital gains taxes to be deferred.
There are seven recommended steps common to most Section 1031 tax deferred exchange:
BEFORE YOU CLOSE ON THE SALE OF THE RELINQUISHED PROPERTY:
Step 1: Consider retaining the services of a certified public accountant or an attorney with tax deferred exchange experience to assist in planning for an exchange.
Step 2: Engage a Qualified Intermediary, or “QI,” (also called an Accommodator), being sure to name the QI as the principal in the sale of the relinquished property and in the purchase of the replacement property.
Step 3: Sell the relinquished property, making sure to include a cooperation clause requiring the buyer to cooperate with the seller’s 1031 exchange, and instruct the escrow officer or closing agent to order exchange documents from the QI.
AFTER CLOSING THE SALE OF THE RELINQUISHED PROPERTY
Step 4: Escrow closes on the relinquished property, with the closing statement showing the QI as the seller, and sales proceeds from the relinquished property are sent to the QI and placed in a separate segregated trust account.
FAILURE TO SEND SALES PROCEEDS DIRECTLY TO QUALIFIED INTERMEDIARY FROM ESCROW WILL RESULT IN INABILITY TO EXCHANGE.
Step 5: Within 45 calendar days of the close of escrow of the relinquished property the exchanger identifies one or more replacement properties and sends written notice of this to the QI.
Step 6: The exchanger executes a purchase contract with the seller of the replacement property, making sure the cooperation clause is included in the purchase contract, and naming the QI as the buyer of the replacement property.
Step 7: Within 180 calendar days of the close of escrow of the relinquished property, the exchanger instructs the QI to transfer funds to close escrow and sends 1031 exchange-related documents to the escrow company, and the sale closes with the closing statement showing the QI as the buyer on behalf of the exchanger.
A like-kind replacement property is identified if it is designated as replacement property in a written document signed by the exchanging party and received by the QI before the end of the 45-day identification period. Every QI uses their own form of documentation. Please consult with your QI to determine the exact procedure they require.
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Willowpark Apartments is a stabilized multifamily property with over 96% occupancy below market rents and offers upside tremendous value-add potential.
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